Total
0
Shares
drillbit - The Market Herald Canada
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Clarity Gold Corp. has completed the first two holes at its flagship gold project
  • The Destiny Project is located near Val d'Or, Quebec
  • Drilling from the first two holes totalled 822 metres of the ongoing 10,000-metre diamond drilling program
  • Clarity Gold has the option to acquire 100 per cent ownership in the Destiny Project
  • Clarity Gold is up 6.94 per cent on the day, with shares of the company trading at C$1.54 at 12:00 pm ET

Clarity Gold Corp. has completed the first two holes at its flagship gold project.

The Destiny Gold Project is located near Val d'Or, in the prolific Abitibi Region in Quebec.

Drilling from the first two holes totalled 822 metres of the ongoing 10,000-metre diamond drilling program at the gold project.

These first holes were designed to test mineralization extent and continuity in the western portions of the DAC Zone and confirm historic drilling which identified mineralization here.

There are several drill pads and trails cleared through the DAC and Gap Zones which are designed to infill existing drilling, test extension to depth, or along strike of the known mineralization at the project.

The company will continue drilling and preparing additional sites and trails as long as spring weather permits.

"We couldn’t be more pleased with the progress to date of Clarity’s ongoing drill program on the Destiny Project. Having completed the first two holes, we are now looking forward to receiving the first lab results as the drilling progresses.

One of the reasons we chose to acquire the Destiny Project, which has seen approximately 50,000 m of diamond drilling through the years, is the abundance of visible gold noted in the previous drilling logs.

Twenty five per cent of all holes completed on the property intercepted visible gold. This is an important consideration for us, we have designed our sampling and assaying procedures to accurately assess coarse gold in the system," said Clarity Gold CEO James Rogers.

Clarity Gold has the option to acquire 100 per cent ownership in the Destiny Project.

The current exploration potential is based on decades of past work on the Destiny Project.

Clarity Gold is up 6.94 per cent on the day, with shares of the company trading at C$1.54 at 12:00 pm ET.

More From The Market Herald
Blue Star Gold (TSXV:BAU)  updates its drill program at the Ulu and Hood River projects and the exploration campaign on the Roma Project

" Blue Star Gold (TSXV:BAU) updates its drill program at the Ulu and Hood River projects

Blue Star Gold (BAU) has provided an update on its 2021 drill program at the Ulu and Hood River Projects.
Adyton Resources (TSXV:ADY) begins trading on the OTCQB market

" Adyton Resources (TSXV:ADY) confirms Fergusson Island exploration potential

Adyton Resources (ADY) has confirmed the exploration potential of its Fergusson Island projects.
Blue Thunder Mining (TSXV:BLUE) prepares for drilling in Québec

" Independence Gold (TSXV:IGO) updates British Columbia project exploration

Independence Gold (IGO) is updating exploration progress at its 3Ts Project in British Columbia.
Revival Gold - President and CEO, Hugh Agro - The Market Herald Canada

" Revival Gold (TSXV:RVG) completes initial stage of 2021 heap leach test work

Revival Gold (RVG) has completed the initial stage of the company’s 2021 heap leach metallurgical test work program for the Beartrack-Arnett Gold Project.